Generates sales of output - Study guides, Class notes & Summaries

Capital The money provided by the owners in a business Capital expenditure Spending on business resources that can be used repeatedly over a period of time Internal finance Money generated by the business or its current owners Retained profit Profit after tax that is 'ploughed back' into the business Revenue expenditure Spending on business resources that have already been consumed or will be very shortly Sale and leaseback The practice of selling assets, such as property or machine...

CISA CH 3 Exam 133 Questions with Verified Answers Project governance and management - CORRECT ANSWER IS auditor's role is to ensure that rules of system development like SoD are not compromised Components of project management are initiating, planning, executing, controlling, monitoring and closing Three types of project management org structures - CORRECT ANSWER Functional-structured organization-project manager only has a staff function without formal management authority manager ...

Break Even When a business generates just enough revenue to cover its total costs Break-Even Point the point at which the costs of producing a product equal the revenue made from selling the product Contribution The amount of money left over after variable costs have been subtracted from revenue. The money contributes towards fixed costs and profit. Margin of Safety the range of output between the break even level and the current level of output, over which profit is made. Contribution p...

Edexcel A Level Business: Paper 2 (Advanced Information) Break Even - ANS When a business generates just enough revenue to cover its total costs Break-Even Point - ANS the point at which the costs of producing a product equal the revenue made from selling the product Contribution - ANS The amount of money left over after variable costs have been subtracted from revenue. The money contributes towards fixed costs and profit. Margin of Safety - ANS the range of output between the break even leve...

COB 204 Final Exam Latest 2023 with Verified Answers Explain the difference between data versus information - Data: an elementary description of things, events, activities, and transaction that are recorded, classified, and stored but are not organized to convey and specific meaning - Information: Data that have been organized so that they have meaning and value to the recipient Explain information system concepts including input, processing, and output - input : Materials, services, and inform...

Finance : Acquires financial resources and capital for inputs Marketing : Generates sales of outputs Operations : Translates materials and services into outputs Process : Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation : A group of resources performing all or part of one or more processes 2 | P a g e Supply Chain : An interrelated series of processes within and across firms that produc...

Edexcel A Level Business: Paper 2 (Advanced Information) Break Even - ANS When a business generates just enough revenue to cover its total costs Break-Even Point - ANS the point at which the costs of producing a product equal the revenue made from selling the product Contribution - ANS The amount of money left over after variable costs have been subtracted from revenue. The money contributes towards fixed costs and profit. Margin of Safety - ANS the range of output between the break even l...

Corporate Level Strategy specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. (Helps companies to select new strategic positions that are expected to increase the firm's value.) Single-business diversification strategy corporate level strategy wherein the firm generates 95% or more of its sales revenue from its core business area. Dominant-business diversification strategy...

Chapter 3 - Cost Behavior 1. A cost that changes in total as output changes is a variable cost. ANSWER: True 2. The cost of raw materials used is usually a fixed a. b. 5. As output increases variable cost per unit will also increase. ANSWER: 6. The cost of advertising is usually a discretionary fixed cost. ANSWER: ANSWER: True a. b. True False cost. True False ANSWER: False RATIONALE: The cost of raw materials used is usually a variable cost. 3. Fixed costs are costs that in tot...

Test Bank for Engineering Economics Financial Decision Making for Engineers Canadian 6th edition TEST Bank Engineering Economics 6 th Edition Niall M. Fraser Elizabeth M. Jewkes Mehrdad Pirnia Engineering Economics, 6e (Fraser/Pirnia) Chapter 1 Engineering Decision Making 1.1 Multiple Choice Questions 1) Evaluation of an engineering project involves the following constraints A) financial, environmental, social and political constraints. B) technical and financial constraints. C...